Residuals Management
Residuals are payments to cast members and are an important aspect of content management first won by Equity Members over 25 years ago. The calculation of residuals in most situations is the responsibility of the Producers but we recognize that they are also a key factor in disbursement management.
These payments are important and require an understanding of a variety of factors in relation to the content and the revenue received from the distribution both within Australia and the Rest of the World.
Our agency provides a service for the management of residuals to Producers which when payable in most situations are considered a recoupable cost to be paid to Performers before disbursement occurs. Certain problems may arise if residuals are not calculated and managed proficiently such as incorrect payments, delay in equity return from gross proceeds received to investors because the residuals have not been calculated or in some instances disbursement occurring prior to the residuals calculation therefore no funds available in the Collection Account for residuals disbursement. This is not only frustrating to the Producer but also the Performers and their Agents.
Our Service and Fees:
Whether Disbursement Management is under CIM Agency or not, we provide residuals management which includes cast payment reconciliations, Australian Ancillary and Rest of World revenue calculations, individual agency or cast statements with payment details, individual banking details and residuals reconciliation for submission to MEAA.
1-Residuals Set Up Fee – Master:
One off Set-Up fee between $1200.00 to $2000.00 depending on the complexity and cast numbers.
2-Residuals Administration Fee:
2% or $150.00 of the Residuals payable pool whichever greater when residuals due.
CIM Agency works closely with MEAA to ensure accurate transparent reporting for all the Productions we manage.
